Archived Webinar

How to Reduce Deposit Fraud Losses with Adaptive Alerts

Special Fraud Webinar Series
Leveraging Technology for Fraud Prevention and Management

Originally Presented: May 3, 2018

Fraudsters are continuing to target financial institutions and their customers with a variety of schemes to inflict losses, in particular across in-branch, ATM, and mobile deposit channels.

As financial institutions add additional layers of protection to detect and prevent fraudulent activity — managing alert volumes, dispute tracking, and loss reporting becomes increasingly more difficult across different fraud and operational teams.

This 20-minute session discusses how Verafin’s Fraud Management functionality can reduce deposit fraud losses and get a complete picture of true fraud. Learn how Verafin’s unique Adaptive Fraud Alerts analyze activity over time to reprioritize alerts with the greater likelihood of fraud — allowing you to catch the fraud before more losses occur.

Highlights of this 20-minute presentation:

  • Review of principles of Deposit Fraud Management including the activities that increase or decrease the likelihood of loss and how siloed processes and teams create inefficiencies, as fraud continues unabated.
  • Demonstration of Adaptive Fraud Alerts that continuous analyzes activity and reprioritizing alerts by automatically boosting risk when an item returns — or reducing the risk when they clear
  •   Deposit Fraud
  •   Fraud
  •   Fraud Management

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